Nev. regulators approve Pinnacle, Ameristar deal - KPLC 7 News, Lake Charles, Louisiana

Nev. regulators approve Pinnacle, Ameristar deal

(Source: MGN Online) (Source: MGN Online)

LAS VEGAS (AP) - Nevada regulators have approved Pinnacle Entertainment Inc.'s buyout of rival Ameristar Casinos Inc.

The $869 million deal will more than double Pinnacle's size. Pinnacle owns seven U.S. casinos and a racetrack, and has another casino under development. Ameristar has eight casinos in the United States.

The deal had the approval of the boards of both Las Vegas operators, but needed the Nevada Gaming Commission to sign off. The commission approved the deal Thursday.

Pinnacle Entertainment Inc. has said the acquisition would save it at least $40 million a year and boost earnings. Pinnacle has casinos in Louisiana, Missouri and Indiana.

Ameristar's holdings include casinos in Missouri, Iowa, Colorado, Mississippi, Indiana and Nevada.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

  • More Local NewsNewsMore>>

  • Applications being accepted for Section 8 housing in Lake Charles

    Applications being accepted for Section 8 housing in Lake Charles

    Monday, July 24 2017 9:29 AM EDT2017-07-24 13:29:34 GMT
    (Source: KPLC)(Source: KPLC)

    The Section 8 program provides rental assistance based on your household income.

    More >>

    The Section 8 program provides rental assistance based on your household income.

    More >>
  • Telesitter system keeping patients safe

    Telesitter system keeping patients safe

    Monday, July 24 2017 6:26 AM EDT2017-07-24 10:26:02 GMT
    Lake Charles Memorial Hospital is now using the Telesitter system on its critical care unit to keep the most at-risk patients safe with constant remote viewing by skilled staff. (Source: KPLC)Lake Charles Memorial Hospital is now using the Telesitter system on its critical care unit to keep the most at-risk patients safe with constant remote viewing by skilled staff. (Source: KPLC)

    Patient safety is paramount in hospital settings and traditionally, it has taken one-to-one care 24/7 for some of the most at-risk patients. KPLC's Britney Glaser shows how a new video monitoring system is keeping patients safe and freeing up nursing staff for other duties.

    More >>

    Patient safety is paramount in hospital settings and traditionally, it has taken one-to-one care 24/7 for some of the most at-risk patients. KPLC's Britney Glaser shows how a new video monitoring system is keeping patients safe and freeing up nursing staff for other duties.

    More >>
  • Salvation Army seeing an increase in those needing help and a decrease in donations

    Monday, July 24 2017 5:44 AM EDT2017-07-24 09:44:51 GMT
    (Source: Google)(Source: Google)

    The Salvation Army typically sees a decrease in donations during the summer months. But, with a 72% rise in the number of people needing a place to stay, it's hard to help everyone. 

    More >>

    The Salvation Army typically sees a decrease in donations during the summer months. But, with a 72% rise in the number of people needing a place to stay, it's hard to help everyone. 

    More >>
Powered by Frankly